Precision Castparts plans to sell notes due 2020, 2025, 2035, 2045

By Aleesia Forni

Virginia Beach, June 1 – Precision Castparts Corp. plans to sell senior notes in tranches due 2020, 2025, 2035 and 2045, according to a 424B3 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Citigroup Global Markets Inc., Mizuho Securities, MUFG, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to pay down commercial paper, to pay $500 million of 0.7% senior notes due December 2015 and for general corporate purposes, which may include acquisitions and share repurchases.

The metal component and industrial products manufacturer for the aerospace industry is based in Portland, Ore.

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